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In the US, Corporate Social Responsibility (CSR) evolved in the first part of the 20th century, led by a few visionary business leaders such as Rockefeller, Carnegie, Ford, Hewlett and Packard. It could be argued, however, that the growth of US CSR as a business imperative is due to regulation. Beginning in the late 1960s and early 1970s, the US government established regulatory agencies that shaped much of the CSR benchmarks guiding business operations. For example, the Occupational Safety and Health Administration (OSHA), Equal Employment Opportunity Commission (EEOC), Consumer Product Safety Commission (CPSC) and Environmental Protection Agency (EPA) created standards and legislation for responsible corporate business practices which have become thresholds for good behaviour by a corporation. Today, government continues to regulate corporate behaviour. Recent examples of industry-specific and sector-wide regulation include the Community Reinvestment Act in the banking sector, the Clean Air Act and, post-Enron's collapse, the Public Company Accounting Reform and Investor Protection Act.

Document Type: Research Article


Publication date: June 14, 2010

More about this publication?
  • The World Guide to CSR: A Country-by-Country Analysis of Corporate Sustainability and Responsibility
    The World Guide to CSR is the first book to provide comparable national profiles that describe the evolution and practice of Corporate Sustainability and Responsibility (CSR) for 58 countries and 5 global regions. Each regional and national profile includes key information about the relevant CSR history, country-specific issues, trends, research and leading organisations. The purpose of the book is to give CSR professionals (including managers, consultants, academics and NGOs focusing on the social, environmental and ethical responsibilities of business) a quick reference guide to CSR in different regional and national contexts. This unique resource will be an essential acquisition for all organisations who need to benchmark their CSR strategies throughout different regions and cultures and want the best possible intelligence on the key issues and concerns relating to corporate social responsibility in all of the markets in which they operate.
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